Misha

Several research firms recently weighed in on TSLA. The Goldman Sachs Group reduced their price objective on shares of Tesla from $235.00 to $205.00 and set a "buy" rating for the company in a report on Monday, January 2nd. Berenberg Bank upgraded shares of Tesla from a "hold" rating to a "buy" rating and decreased their price objective for the company from $255.00 to $200.00 in a report on Monday, January 30th. Royal Bank of Canada boosted their target price on Tesla from $186.00 to $223.00 and gave the stock an "outperform" rating in a report on Monday, February 6th. Roth Capital increased their price target on Tesla from $83.33 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, October 20th. Finally, Truist Financial lowered their price target on Tesla from $299.00 to $245.00 and set a "buy" rating on the stock in a research report on Monday, January 23rd. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $210.91.

[The Nasdaq closed down 0.6% on Friday and fell 2.4% this week, and the small-cap index fell more than 3% this week]
The S&P 500 index closed up 8.96 points, or 0.22%, to 4090.46 points. It has fallen by 1.11% this week, the largest weekly decline since December 16, 2022.

The Dow Jones Industrial Average closed up 169.39 points, or 0.50%, at 33869.27 points, down 0.16% this week.

The Nasdaq Composite Index (Nasdaq) closed down 71.46 points, or 0.61%, to 11718.12 points, a cumulative drop of 2.41% this week.

The Nasdaq 100 index closed down 76.25 points, or 0.62%, to 12304.92 points, a cumulative drop of 2.14% this week.

The Nasdaq Biotechnology Index closed up 0.33% at 4225.72 points, down 2.55% this week.

The Russell 2000 index closed up 0.18% at 1918.81 points, down 3.36% this week.

The Philadelphia Semiconductor Index closed down 1.58% at 3011.15 points, down 2.30% this week.

The Philadelphia Stock Exchange KBW Bank Index closed down 0.12% at 112.42 points, down 1.84% this week.

The panic index VIX closed down 0.87% at 20.53.

Thursday's news: Federal Reserve Chairman Jerome Powell will speak at the Economic Club of Washington on Tuesday. Until then, markets will be on edge. Powell's comments on deflation led investors to aggressively enter the market last week pushing up stock prices and ignoring the prospect of another central bank rate hike. As investors begin to reassess expectations for the Fed's monetary policy stance due to the unusually strong US January non-farm payrolls report released on Friday (3), markets are expected to pay close attention to Powell's speech, particularly his views on the labour market. Last week's US non-farm payrolls data released well above expectations and a strong rebound in the services PMI further reinforced market concerns that the Fed would stick to its policy of raising interest rates. The latest market news is more mixed, but the three major stock indices, market investors mentality is unchanged, the current long profit taking is relatively large, the market selling pressure is very large, pay attention to avoid the current hot stocks. Credit Suisse pointed out that based on the overheated labour market, the market is too optimistic in terms of stock movements. Credit Suisse believes that the previous rise in technology stocks is based on the market's belief that the inflation-adjusted 10-year benchmark US bond yield, i.e. the US 10-year inflation-protected bond (TIPS) yield, is lower, but the TIPS yield has risen in the past four days, and as the TIPS yield rises, the stock attractiveness will also fall:, Credit Suisse also pointed out that the market has recently overheated in the short term and there is a need for a market pullback.
Technically, yesterday the S&P 500, Dow Jones, Nasdaq, the three major stock indexes are technical retracement, that is, profit-taking selling pressure is relatively large, especially technology stocks, to google, Microsoft, meta as the representative of technology stocks, there is a moderate retracement, such technology stocks do not retrace in place, the S&P 500, Nasdaq index is difficult to organize an effective rebound, the current market is still dominated by oscillatory short, the S&P The S&P 500 support level is near 4095, if 4095 volume falls below, the S&P 500 index will be further down, related stocks will also follow the index down, the analysts suggest, for the time being, short-term do not hold technology-related large-cap blue-chip stocks. Choose some consumer, small metal, food stocks to choose hedge, market follow-up, if the market sudden positive, or negative, this analyst will be the first time prompt.